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October 31, 2014
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LOS ANGELES COUNTY NEWS
Archive
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• Tishman Speyer Adds a Lot of Talent to Its Beverly Hills Portfolio
11/17/11
By Allen Wolfsheimer In a major office lease transaction on LA’s westside, United Talent Agency (UTA) agreed to a long-term lease for 120k sf of space in Beverly Hills for its global headquarters. UTA, one of the world’s lar...
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• San Gabriel Valley Retail Center Sells for Just Under $400/sf
11/17/11
In a notable SoCal retail buy, GDA Companies paid $9.7 mil for Baldwin Park Towne Center, a 24.6k sf ($394/sf), multi-tenant retail property in the San Gabriel Valley city of Baldwin Park. Built in 1987, the property is loca...
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• Xenon Investment Buys 50-Unit Santa Monica Apartment Complex
11/16/11
Xenon Investments purchased a 50-unit multifamily property in Santa Monica. The property, located at 123 California Ave, just east of Ocean Ave and PCH, was sold by Petrikas Family Limited Partnership. Built in 1959, the mult...
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•  Johnson Capital Arranges $33 Mil on Trio of Upscale West LA Apartment Properties
11/15/11
Sherwin Aryeh, of Johnson Capital's Century City office recently originated three loans totaling nearly $33 mil for three luxury multifamily properties in Brentwood and Beverly Hills adjacent. The non-recourse notes, which h...
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•  Inglewood Apartment Complex Sells for $121k/Unit while San Diego Property Goes for $130k/Unit
11/14/11
A 36-unit apartment community in Inglewood traded hands at a price of $4.35 mil ($120.8k/unit). Located at 524 Venice Way, the property is situated in Northwest Inglewood near La Cienega Blvd and Centinela Ave. The building...
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•  Sepulveda Center in West LA Receives TOBY Award from BOMA of Greater Los Angeles
11/11/11
Sepulveda Center, a 178.2k sf Class A office tower at 3415 S. Sepulveda Blvd in West Los Angeles, has received The Outstanding Building of the Year (TOBY) Awards in the 100,000-square-foot to 249,999-square-foot category for ...
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•  Monrovia Apartment Community Trades for $126k/Unit
11/10/11
Wellesley Court, a 36-unit apartment community In Monrovia, was purchased by an LA buyer for $4.55 mil ($126.4k/unit). Built in 1963, the property is located at 208-210 West Lemon Ave. Wellesley Court contains 21 one-bedroo...
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• Kennedy Wilson Opens New Res Project in West SF Valley
11/09/11
Toscana, a new 39-unit townhome community in the western San Fernando Valley community of West Hills, recently opened to the public. The property is a joint venture managed by Kennedy Wilson, who purchased the residential pro...
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•  Los Angeles Office leasing Activity Falls Off in the 3rd Quarter
11/08/11
Following is a 3rd quarter 2011 summary of office market conditions in Los Angeles and surrounding areas, based on the Los Angeles Studley Report. The information was provided to us by tenant representation firm Studley. Acco...
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•  Kennedy Wilson Completes $125 Mil Refi on LA-Area Office Portfolio
11/08/11
Kennedy Wilson has obtained almost $125 mil to refinance an office portfolio the company originally acquired in 2007. The new financing was arranged by HFF and consists of a $104.9 mil senior loan funded through GE Capital Re...
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•  Los Angeles Realty Partners Awarded Leasing Assignment for PDC’s New RedBuilding
11/08/11
LA Realty Partners Principals Peter Best, Gary Weiss, and Director Grant Newman will lead the leasing team for the RedBuilding. Additionally, LA Realty Partners will handle leasing for the 30k sf available on the fourth and s...
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• Big 630k sf El Segundo Office Lease is a DIRECT Deal
11/03/11
DIRECTV has agreed to a 189-month expansion/renewal deal for 630k sf of office space at Kilroy Airport Center in El Segundo, immediately adjacent to LAX, in a deal that could expand to as much as 720k sf over the term of the ...
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• Hollywood-Area Dev Site Sell for Over $7 Mil
11/02/11
A 1.17-acre residential development site in Los Angeles traded for $7.2 mil. The un-entitled, R-3 zoned property located at 7926-40 W. Hollywood Blvd, at the base of the Hollywood Hills, is a rare quality parcel available for...
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• SoCal Multifamily Comps
11/01/11
A 16-unit apartment property located in Whittier sold for $2.13 mil, or $133k/unit. Located at 7630 Milton Ave, the property offers a unit mix of 13 two-bedroom/one-bathroom units and three three-bedroom/two-bathroom units. ...
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• Santa Monica Office Building Lands Two New Tenants
11/01/11
In recent office leasing activity from Santa Monica, Imaging Advantage and Bolthouse Farms have each signed leases at 1351 4th Street, bringing the total occupancy of the 34k sf building to 93 percent. The property is owned b...
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• Pair of SoCal Apartment Sales Ring Up to $26 Mil
10/31/11
Kitty Wallace, Executive Vice President in Colliers International’s West Los Angeles office, closed two SoCal apartment sales with a combined price of just under $26 mil. The transactions took place in Upland and Brentwood. ...
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• Asian Furniture Importer Buys City of Industry Facility
10/28/11
Asia Direct, a furniture importer that distributes home and office furniture, purchased a 96.9k sf industrial warehouse property in the City of Industry for $8.24 mil ($85/sf). The property, located at 760 - 780 Baldwin Park...
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• Draftsmen & Craftsmen
10/28/11
Construction has begun on a redesign of Los Angeles City College’s Clausen Hall, a 60k sf facility for the school’s music department at the 78-year-old Los Angeles campus. The $13 mil modernization and systems upgrade project...
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• Mercury GSE to Relocate into 40k sf Hawthorne Facility
10/26/11
Mercury GSE, a supplier of aircraft ground support equipment, has acquired a two-building, 40k sf industrial facility near LAX in Hawthorne for $3.2 mil ($80/sf). The company plans to relocate its headquarters to the site, lo...
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• Shlomi Ronen Forms Boutique Real Estate Investment Banking Firm
10/26/11
Commercial real estate finance veteran Shlomi Ronen has formed Dekel Capital, a boutique real estate investment banking firm with offices in Santa Monica and Tel Aviv. The company's primary focus is on raising capital, both e...
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